Vermont will pay you $10,000 to move there, work remotely

Vermont will pay you $10,000 to move there, work remotely

Vermont will pay you $10,000 to move there, work remotely

The grants will be distributed on a first-come, first-served basis next year, and there's only $125,000 in grant money available in 2019.

It's been proven time and again: People who work from home report higher satisfaction, better health, and they also do their jobs more efficiently.

And since Governor Phil Scott signed the new law on Wednesday, interested workers have already been in contact with Vermont's Agency of Commerce and Community Development.

This initiative is meant to combat a major problem that the state of Vermont is facing.

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According to state officials and the official summary of the new legislation, the financial incentive is meant to help cover a worker's moving costs and business expenses related to working remotely, such as for new technology.

"We recognize the need to recruit people to the state, and this is one of those efforts", Goldstein told CNBC. Maple syrup and mountains are calling for you. It takes effect as of January 1, 2019.

Under the terms of bill, a new remote worker may be eligible for a grant under the program "for qualifying remote worker expenses in the amount of not more than $5,000.00 per year, not to exceed a total of $10,000.00 per individual new remote worker over the life of the program". Vermont is aging faster than the rest of the USA population, an economic crisis that has prompted some creative solutions from state officials. In return, the state is hoping to get a much-needed boost to its economy.

Vermont has a small and rapidly aging population-and with that, a shrinking tax base. To address worker shortages, small towns in MI and OH are also offering financial incentives to people willing to move. The initiative intends to rejuvenate the workforce - and the tax base - by recruiting new and younger workers.

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